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Sunk Costs and Firm Value Variability: Theory and Evidence

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  • Lambson, Val Eugene
  • Jensen, Farrell E

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  • Lambson, Val Eugene & Jensen, Farrell E, 1998. "Sunk Costs and Firm Value Variability: Theory and Evidence," American Economic Review, American Economic Association, vol. 88(1), pages 307-313, March.
    • Handle: RePEc:aea:aecrev:v:88:y:1998:i:1:p:307-13
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    Citations

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    Cited by:

    1. Münter, Markus Thomas, 2017. "Endogenous number of firms, horizontal concentration and heterogeneity of firms—A note," Economics Letters, Elsevier, vol. 154(C), pages 74-76.
    2. Crentsil, Christian & Gschwandtner, Adelina & Wahhaj, Zaki, 2020. "The effects of risk and ambiguity aversion on technology adoption: Evidence from aquaculture in Ghana," Journal of Economic Behavior & Organization, Elsevier, vol. 179(C), pages 46-68.
    3. Marcus Asplund & Volker Nocke, 2003. "Firm Turnover in Imperfectly Competitive Markets," PIER Working Paper Archive 03-010, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    4. Pontus Braunerhjelm, 1999. "Sunk costs, firm size and internationalization," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 135(4), pages 657-674, December.
    5. Adelina Gschwandtner & Val E. Lambson, 2004. "Sunk costs, Profit Volatility, and Turnover," Vienna Economics Papers vie0405, University of Vienna, Department of Economics.
    6. Adelina Gschwandtner & Val E. Lambson, 2009. "Sunk Entry Costs, Sunk Depreciation costs, and Industry Dynamics," Vienna Economics Papers vie0902, University of Vienna, Department of Economics.
    7. Sherrill Shaffer & Iftekhar Hasan & Mingming Zhou, 2015. "New Small Firms and Dimensions of Economic Performance," Economic Development Quarterly, , vol. 29(1), pages 65-78, February.
    8. Pierre Blanchard & Jean-Pierre Huiban & Claude Mathieu, 2012. "The determinants of firm exit in the French food industries," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 93(2), pages 193-212.
    9. Werner Hölzl, 2015. "Sunk costs and the speed of market selection," Journal of Evolutionary Economics, Springer, vol. 25(2), pages 323-344, April.
    10. Gschwandtner, Adelina & Lambson, Val E., 2002. "The effects of sunk costs on entry and exit: evidence from 36 countries," Economics Letters, Elsevier, vol. 77(1), pages 109-115, September.
    11. Werner Holzl, 2005. "Tangible and intangible sunk costs and the entry and exit of firms in a small open economy: the case of Austria," Applied Economics, Taylor & Francis Journals, vol. 37(21), pages 2429-2443.
    12. Colen, Liesbeth & Persyn, Damiaan & Guariso, Andrea, 2016. "Bilateral Investment Treaties and FDI: Does the Sector Matter?," World Development, Elsevier, vol. 83(C), pages 193-206.
    13. Lskavyan, Vahe & Spatareanu, Mariana, 2011. "Shareholder protection, ownership concentration and FDI," Journal of Economics and Business, Elsevier, vol. 63(1), pages 69-85, January.
    14. Adelina Gschwandtner & Val E. Lambson, 2004. "Sunk costs, Profit Volatility, and Turnover," Vienna Economics Papers 0405, University of Vienna, Department of Economics.
    15. Barseghyan, Levon & DiCecio, Riccardo, 2011. "Entry costs, industry structure, and cross-country income and TFP differences," Journal of Economic Theory, Elsevier, vol. 146(5), pages 1828-1851, September.
    16. Adelina Gschwandtner & Val E. Lambson, 2009. "Sunk Entry Costs, Sunk Depreciation costs, and Industry Dynamics," Vienna Economics Papers 0902, University of Vienna, Department of Economics.
    17. Werner Hölzl, 2003. "Tangible and intangible sunk costs and the entry and exit of firms in Austrian Manufacturing," Working Papers geewp33, Vienna University of Economics and Business Research Group: Growth and Employment in Europe: Sustainability and Competitiveness.
    18. Felipe González & Mounu Prem, 2020. "Losing your dictator: firms during political transition," Journal of Economic Growth, Springer, vol. 25(2), pages 227-257, June.
    19. Gabe, Todd M., 2001. "The Effects Of Local Taxes And Spending On Business Startups," 2001 Annual meeting, August 5-8, Chicago, IL 20769, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Werner Hölzl, 2002. "Exit, Entry and industry turbulence in Austrian Manufacturing, 1981-1994," Working Papers geewp21, Vienna University of Economics and Business Research Group: Growth and Employment in Europe: Sustainability and Competitiveness.
    21. Jonathan P. O'Brien & Timothy B. Folta & Douglas R. Johnson, 2003. "A real options perspective on entrepreneurial entry in the face of uncertainty," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(8), pages 515-533.
    22. Sherrill Shaffer & Iftekhar Hasan & Mingming Zhou, 2015. "New Small Firms and Dimensions of Economic Performance," Economic Development Quarterly, , vol. 29(1), pages 65-78, February.
    23. David Greenstreet, 2007. "Exploiting Sequential Learning to Estimate Establishment-Level Productivity Dynamics and Decision Rules," Economics Series Working Papers 345, University of Oxford, Department of Economics.

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